Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-01-23

/ g4AS40A 1ou1t1Ga1ttC4s
The Rallroad Debts.
WAsHIxarox. Jan. 22.-The Secretary
of the Treasury today sent q e3mmunf-
cation to the Speaker of the House Of
Representatives IN answer TO the House
resolution Of January 10th MR. Outh-
waite's resolution) asking what sums Of
money were owing from the Subsidized
Pacific Railroad companies 10 the
United Ststes on the Let day Of January.
1887; the sums which are due, principal
and interest, under existing laws, sew
orally and collectively from said CON-
panies. and what will be the resnlt 10
the Treasury and the eject upon these
debts II House bill No. S3lS should
be ome Law and its provisions be oem-
piled with. The Secretary ssysthat the
amounts dae from the ssvei al Pacific
railroad companies for interest paid BY
the Uaited States 10 January l, 1851, on
subsidy bonds issued 20 said companies.
was x70,654 325, Of which there lad
been repaid by the companies at that
date the SUN Of &2l ,b52. llt, leaving doe
on account Of interest the sum of $40
302,2l There will be Que on the same
account at maturity Of subsidy bonds
September IL. 1897, tie further SUN of
$t3. .409, ,92l, making q total OF $92. .709..
lO6 due aud 20 become due on account
OF interest. There is also to bscnme due
on account of principal of these bends
at maturity the sum OF S64. 4.623, ,5i2.
makisg an aggregate Indebtedness doe
and TO become das Of $i5I. .S32,6i6. In
response 90 the inquiry what will 10
the result 10 the Treasury and the effect
upon the debts IN Houss bill NJ. 1913
should become a law, and its provisions
be complied WITH" she Secretary states
that she present worth Of the indebtt d.
ness Of the several companies as Of Oo
tober l, 1856, Aseertained As prescribed
in the bill, is &l0o, ass. .33l. The constant
semi-Annual payment required TO can
Gel the present. amount OF Indebtedness
above mentioned, principal aud interest,
IN separate years, valued at the rate Of
par cent. per annum. Re-invested aemi.
annually, is $1,s5s,057. Tue constant
semi annual payment arrived ct by ID
method described in the bill, TO vii:
81 ,854 30A, was less than the correctly
computed semi-anu ssl payment above
mentioned by $3,753, or about one
hfth Of one per cent. aud this constant
semi-annual payment is safticient, II re-
invested semi-annuAliy, TO pay ct the
rate Of 2992 per cent. per anU1m on
said present worth. or at that rate 20
xiinouish the principal and interest Of
the debt in 20 years. In visw Of certain
provisions OF the act Of May II. 1878,
commonly known ss the thurman lav,
establishing q sinking fund for the
UEion and Central Pacific Railroad
Companies, Il may Be proper 10 con
sideE whether the sinkina fund HoW held
in trusi By the United States should BE-
treated as an offset in determining the
net Indebtedness due the Government
from these companies. lt should be
mentioned. however, stat the condition
Of she bill 10 thai It's provisions shall be
accepted By the companies interested.
Calling In RsadA.
WAsHrNaTux, Jan. - - fhe Secretary
Of the freasaTy gives notice thai the
principal and accFu q interest OF bonds
hereinbelov designated viii be paid at
the treasury Of the United States at
Washington, ID. o., on tbs nssf day OF
March, 1881, and that interest on said
bonds ulii cease on that day. VIZ: Three
Ger cent bonds issued under act of Con
eresa approved july u. iS61, and nun
bered a. foiiows. $50. original n0mbsF
Is 10 original Aamber Is, both inclusive;
500, original nanbeF 3IS 10 original
number 6e2 both inclusive; 500. origt
mai number l63 30 original nnmber at5,
both inclusive; 5000, original nambsF
1921 20 original nnDber S9l6. both IN
elusive; SO 000, original uumoer S359 10
original number SSla, both inelasixe
Total, fl3 S5z. .0oo. Parties holding the
bonds cslled u this etroaiar can obsain
immediaie payment wnh interest," -
date Of presentation bS rrQues1in9 The
sane IN . letter forwarding he boBds
for redemption. Ih+Re are nee exaetiy
ts0Oo00oo nBealled 3 per osns bonds
ouialerdina.
WashHnGfoa Sefes.
WAsHzx01ox, Jan. 22.-Rspressata-
tive H amuond today Submitted 70 the
| Hoase from aAe JnaiciARy Cammittes q
repart an Dsbhle's resolution. tuthoril
ine aecspfAnes By tue Hoass sf Sc o4th
Of oiise made by Repressotatsys AIksM
Al his hama In soaih CAFoiina- The re-
pors disuuasrs the legal aspect nf the
cass, ard enc I'd . thai tAe Il saas can.
and undsR ihs circumstances saoaid,
ass.us tAs oaah of efiea seat hsrs -
Aeforney GeneraI Garland kas afsen
IN o5sntSa = ne seesstaEy q NE